Branch network

The Minneapolis company said 75% transactions have been handled online since the pandemic hit.

BBVA USA in Birmingham, Ala., says it will use a proprietary score based on multiple sources of coronavirus-related information to determine when certain branches are ready for walk-in traffic.

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."

CB Financial Services, Mercantile Bank and Nicolet Bankshares said they would shutter a total of 12 branches.

The coronavirus outbreak forced BBVA USA to rethink a plan to add 15 branches in Texas, but it decided to move ahead anyway, albeit with a few tweaks.

CU Service Network has split into two divisions as part of a wider rebranding effort.

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Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts.

Before the coronavirus outbreak, financial institutions, wary of robberies, prevented customers from covering their faces. As branches reopen, public health concerns are forcing accommodations.

Digital banking has ramped up during the coronavirus lockdown but customers will seek somewhere to go as cities reopen. A branch could provide that safe haven.

Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.

Financial institutions are trying to determine how to best protect branches as some demonstrations following George Floyd's death turn violent.

Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.

With the pandemic putting Plexiglas in short supply, Joe McDonald called up a local source: a former classmate.

Some credit unions have closed branches as demonstrations continue following the death of George Floyd last week.

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

After nearly two decades with the company, Hanisch is the longest-serving member of the executive team at CO-OP Financial Services.

The Summerville, S.C.-based institution will also close two branches as part of a broader strategic effort to better service members.

COVID-19 diagnoses in McKinley County, which includes Gallup, account for nearly a quarter of the state's cases. That has forced officials to take drastic action.

Credit unions moved quickly to reduce branch access as the coronavirus crisis worsened. The harder decision will be when and how to begin lifting those restrictions.